I.A.M. Approves New Contract at Herrin Laundry Products Plant

NEWTON, Iowa, June 11 /PRNewswire-FirstCall/ -- Maytag (NYSE: MYG) and the
International Association of Machinists and Aerospace Workers (I.A.M.) Local
554 jointly announced today that union members ratified a new four-year
contract at the Herrin, Illinois, laundry plant. Maytag's current five-year
labor agreement with the I.A.M. Local 554 would have expired on Sunday, June
12, 2005, at 11:59 p.m.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000505/MYGLOGO )
"We want to thank the I.A.M. Local 554 leadership and the Herrin union
employees for their willingness to work together to reach this new labor
agreement," said Mark Krivoruchka, Maytag's senior vice president of human
resources. "The cooperative attitude displayed at Herrin should allow Maytag
to remain competitive in our challenging global marketplace and enable Herrin
to become the main facility for our vertical-axis, top-load washer
production."
Wages, health care and other benefits were addressed in the new contract.
Details about the contract are not being released. Herrin Laundry Products
manufactures top-load washers and certain dryer models.
Forward-Looking Statements: Certain statements in this news release,
including any discussion of management expectations for future periods,
constitute "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors that may
cause actual results to differ materially from the future results expressed or
implied by those statements. For a description of such factors, refer to
"Forward-Looking Statements" in the Management's Discussion and Analysis
section of Maytag's Annual Report on Form 10-K for the year ended January 1,
2005, and each quarter's 10-Q.
Media Contact: John Daggett
Maytag Corporate Communications
(641) 787-7711
john.daggett@maytag.com

SOURCE Maytag

NEWTON, Iowa, June 11 /PRNewswire-FirstCall/ -- Maytag (NYSE: MYG) and the
International Association of Machinists and Aerospace Workers (I.A.M.) Local
554 jointly announced today that union members ratified a new four-year
contract at the Herrin, Illinois, laundry plant. Maytag's current five-year
labor agreement with the I.A.M. Local 554 would have expired on Sunday, June
12, 2005, at 11:59 p.m.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000505/MYGLOGO )
"We want to thank the I.A.M. Local 554 leadership and the Herrin union
employees for their willingness to work together to reach this new labor
agreement," said Mark Krivoruchka, Maytag's senior vice president of human
resources. "The cooperative attitude displayed at Herrin should allow Maytag
to remain competitive in our challenging global marketplace and enable Herrin
to become the main facility for our vertical-axis, top-load washer
production."
Wages, health care and other benefits were addressed in the new contract.
Details about the contract are not being released. Herrin Laundry Products
manufactures top-load washers and certain dryer models.
Forward-Looking Statements: Certain statements in this news release,
including any discussion of management expectations for future periods,
constitute "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors that may
cause actual results to differ materially from the future results expressed or
implied by those statements. For a description of such factors, refer to
"Forward-Looking Statements" in the Management's Discussion and Analysis
section of Maytag's Annual Report on Form 10-K for the year ended January 1,
2005, and each quarter's 10-Q.
Media Contact: John Daggett
Maytag Corporate Communications
(641) 787-7711
john.daggett@maytag.com
SOURCE Maytag